Celestia Foundation purchases all remaining TIA held by Polychain for $62.5 million, to be transferred to new investors

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2025-07-24 23:34

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Expand 1. Celestia Foundation has partnered with Polychain Capital to transfer all remaining TIA tokens held by Polychain to new investors. 2. 43,451,616.09 TIA from Polychain Capital were purchased by the foundation for $62.5 million this month. 3. Polychain will cancel all of its staked TIA holdings in order to complete the transaction with the Foundation. 4. The distribution of TIA with new investors will use a rolling unlocking mechanism, starting on August 16 and completed on November 14. 5. This ensures that the foundation's financial situation won't be affected by these transactions.

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Author：Love investing

According to a tweet from Celestia, “The Celestia Foundation has partnered with Polychain Capital to transfer all remaining TIA tokens held by Polychain to new investors. This month, the Foundation purchased 43,451,616.09 TIA from Polychain Capital for $62.5 million. To complete this transaction, Polychain will soon cancel all of its staked TIA holdings. To ensure that the Foundation’s financial situation is not affected, the Foundation is completing the distribution of TIA with new investors. These transactions will use a rolling unlocking mechanism, with the first unlocking starting on August 16 and completed on November 14.”

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